RedStone has integrated the net asset value (NAV) of the FalconX Credit Vault into its data feeds across multiple blockchains. This integration provides standardized pricing for a tokenized institutional credit product, supporting its use as collateral in lending markets like Morpho, where Gauntlet enables leveraged strategies.
The FalconX Credit Vault was launched in July 2025 on the Pareto platform. It accepts USDC deposits and routes them through a bankruptcy-remote Special Purpose Vehicle to lend to FalconX's institutional prime brokerage clients. M11 Credit is responsible for the curation of the underlying loans.
The vault's structure includes an equity tranche to absorb first losses and real-time risk monitoring. It features monthly interest distributions and redemptions, while the manager charges a 10% performance fee on returns. As of early September, the vault has approximately $145 million in total value locked, with a NAV of $1.11 and a 30-day trailing APY of approximately 7.41%.
RedStone utilizes the Trusted Single Source Oracle (TSSO) framework, co-developed with the tokenization platform Securitize. Unlike traditional oracles that aggregate decentralized sources, the TSSO model treats the fund administrator's reported NAV as the authoritative source and delivers it on-chain in a verifiable format. RedStone has been Securitize's primary oracle partner since the framework's inception.